Data from the Federal Reserve states more companies are scared today than 2008. The Fed also writes the level of uncertainty is at a record, vastly eclipsing all other times. Moreover, almost every firm has declared the economy
Equities advanced on renewed hopes for a drug to fight the virus. The NYT reports the FDA is in talks with Gilead to make the medicine available quickly. Dr. Fauci, head of National Institute of Allergy and Infectious Diseases stated this morning that he
There is a growing number of analysts, politicians and “nonpartisan” reporters beginning to ask is the lockdown a major policy mistake. There have also been several influential epidemiologists stating Covid-19 is about as lethal as a bad
What will be this week’s prevailing narrative? The decline in the number of deaths and cases? The extent of the economic calamity via the government mandated shutdown? The prevalence of a “second wave” in states that have decided to partially reopen?
In five weeks, the economy has lost a staggering and unfathomable 26.5 million jobs, more jobs that have been created since 2001. The jobless claims suggest the unemployment rate is close to 20%, double the